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Why Universal Display Stock Dropped Today

TheMotleyFool

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Universal Display (NASDAQ: OLED) stock tumbled 10% through 2:50 p.m. ET Friday after missing on earnings last night.

Heading into the report, analysts forecast Universal Display would earn $1.17 per share on $165.8 million in quarterly sales. The company actually earned only $0.92 per share, and sales came in below $140 million.

Image source: Getty Images.

Source Fool.com